Tapestry rises after forecasts for annual profit, revenue lifted

Tapestry

05/02/2026 12:33

** Shares of Coach handbag maker Tapestry TPR.N rise 7% to $138.95 premarket

** Co raises its forecasts for annual profit and revenue; posts Q2 profit and revenue that beat estimates

** Upbeat outlook was fueled by a 25% surge in its Coach brand's sales, driven by strong demand for its Tabby handbags among Gen Z consumers

** Co now expects FY adj. EPS of $6.40 to $6.45, up from prior view of $5.45 to $5.60; sees FY revenue over $7.75 bln vs previous forecast of ~$7.3 bln

** 15 of 22 brokerages rate stock "buy" or higher, six "hold" and one "sell"; their median PT is $140 - LSEG data

** Up to last close, TPR up 1.7% in 2026 vs broader S&P 500's .SPX 0.5% rise

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))